Vans

It seems that not all are suffering from the current climate. Today I heard that Fiat SpA have put plans in place to further expand in the country of Serbia. Apparently this will be done by spending a whopping 240 million euros as part of joint venture activities involving their Iveco and Magneti Marelli. Pretty impressive stuff if you ask me. My opinion is that if you spend now, by the time this “recession” is over, your return on investment will be much higher. By implementing this new strategy, Fiat will be able to increase its production levels. This new business venture will see Fiat own seventy percent and thirty percent by the Serbian government. The target for Iveco’s is to produce over 2,000 auto buses per year. The responsibility of Magneti Marelli is to produce vehicle suspensions, exhausts, plastic and light components. Let’s hope that we some new and used vans come into the marketplace as a result of this new venture.